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Australian (ASX) Banks Industry Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies16
  • 7D2.5%
  • 3M10.8%
  • 1Y9.4%
  • YTD3.5%

The Banks industry is up 2.5% in the last week, with Commonwealth Bank of Australia up 3.2%. This takes the industry's 12 month performance to a gain of 9.4%. Earnings are forecast to grow by 3.6% annually.

Industry Valuation and Performance

Has the Australian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Nov 2022AU$455.6bAU$87.6bAU$30.9b11.1x14.7x5.2x
Wed, 26 Oct 2022AU$447.0bAU$87.8bAU$29.9b11.3x14.9x5.1x
Fri, 23 Sep 2022AU$415.3bAU$87.6bAU$29.9b11.1x13.9x4.7x
Sun, 21 Aug 2022AU$426.0bAU$87.6bAU$30.0b12.1x14.2x4.9x
Tue, 19 Jul 2022AU$392.9bAU$87.3bAU$30.2b12.1x13x4.5x
Thu, 16 Jun 2022AU$380.9bAU$87.2bAU$30.2b11.7x12.6x4.4x
Sat, 14 May 2022AU$440.2bAU$87.2bAU$30.2b13.9x14.6x5x
Mon, 11 Apr 2022AU$460.7bAU$86.1bAU$29.3b14.3x15.7x5.3x
Wed, 09 Mar 2022AU$414.1bAU$86.1bAU$29.3b13.2x14.1x4.8x
Fri, 04 Feb 2022AU$417.7bAU$84.7bAU$28.2b10.9x14.8x4.9x
Sun, 02 Jan 2022AU$436.6bAU$84.7bAU$28.2b11.1x15.5x5.2x
Tue, 30 Nov 2021AU$414.9bAU$84.7bAU$28.2b10.6x14.7x4.9x
Thu, 28 Oct 2021AU$465.0bAU$79.6bAU$24.8b10.3x18.8x5.8x
Sat, 25 Sep 2021AU$453.4bAU$79.3bAU$24.6b10.3x18.4x5.7x
Mon, 23 Aug 2021AU$456.5bAU$79.3bAU$24.6b12x18.6x5.8x
Sat, 10 Jul 2021AU$449.8bAU$78.5bAU$24.3b13.9x18.5x5.7x
Fri, 02 Apr 2021AU$419.1bAU$77.0bAU$23.1b14.8x18.2x5.4x
Mon, 04 Jan 2021AU$363.1bAU$72.7bAU$19.3b14.9x18.8x5x
Thu, 08 Oct 2020AU$286.3bAU$70.1bAU$16.9b11.7x16.9x4.1x
Wed, 01 Jul 2020AU$306.8bAU$71.9bAU$19.6b8.9x15.6x4.3x
Sat, 04 Apr 2020AU$272.4bAU$74.8bAU$22.5b8.3x12.1x3.6x
Tue, 07 Jan 2020AU$379.2bAU$77.1bAU$25.0b9.4x15.2x4.9x
Price to Earnings Ratio

13.9x


Total Market Cap: AU$381.8bTotal Earnings: AU$27.6bTotal Revenue: AU$79.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Banks Industry Price to Earnings3Y Average 16.1x202020212022
Current Industry PE
  • Investors are relatively neutral on the Australian Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.1x.
  • The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 3.9% per year over the last three years.
  • Revenues for these companies have grown 3.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Financials industry?

AU Market1.17%
Financials1.75%
Banks2.47%
Regional Banks4.59%
Diversified Banks2.43%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 16.2x.
    • Analysts are expecting annual earnings growth of 3.6%, which is lower than the prior year's growth of 9.4% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 14.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 3.6% over the next 5 years.
  • However this is lower than its past earnings growth rate of 9.4% per year.
  • In contrast, the Regional Banks industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CBA Commonwealth Bank of AustraliaAU$109.203.2%
+AU$5.6b
15.2%PB2.5x
NAB National Australia BankAU$31.492.7%
+AU$2.6b
13.9%PB1.7x
WBC Westpac BankingAU$23.991.6%
+AU$1.3b
13.8%PB1.2x
ANZ Australia and New Zealand Banking GroupAU$24.821.3%
+AU$987.9m
-8.3%PB1.1x
BEN Bendigo and Adelaide BankAU$9.305.0%
+AU$249.1m
9.0%PB0.8x
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WBC

AU$23.99

Westpac Banking

7D

1.6%

1Y

13.8%

NAB

AU$31.49

National Australia Bank

7D

2.7%

1Y

13.9%

BOQ

AU$7.56

Bank of Queensland

7D

4.3%

1Y

-2.5%

BBC

AU$0.54

BNK Banking

7D

-0.9%

1Y

-45.1%

BFL

AU$4.90

BSP Financial Group

7D

0.2%

1Y

14.0%

ANZ

AU$24.82

Australia and New Zealand Banking Group

7D

1.3%

1Y

-8.3%

CBA

AU$109.20

Commonwealth Bank of Australia

7D

3.2%

1Y

15.2%

JDO

AU$1.27

Judo Capital Holdings

7D

-1.6%

1Y

-44.3%